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farms, land & estates
If you are currently a tenant or are interested in renting a farm, land or estates, we've put together a list of some of the most common questions and their answers, for your reference.
Partner - Head of Rural Division
Tim is head of the firm's Rural Division and of the Cambridge office, although he spends a considerable amount of time in London. He has over 20 years experience in advising institutional and pri...
Tim is head of the firm's Rural Division and of the Cambridge office, although he spends a considerable amount of time in London. He has over 20 years experience in advising institutional and private clients on a very wide range of rural business issues, including sales and purchases, strategic advice and valuations. He often works with specialists in other divisions of the firm to provide clients with a fully integrated property service. Tim lives near Newmarket and has a keen interest in country pursuits, encouraged constantly by his two children.
Never an easy question to answer and a lot will depend on market conditions and the level of competing interest in the property Early professional advice is needed so that an appropriate tender can be made which is sustainable with reference to a detailed business plan and budgets.
Consideration needs to be given to market norms and market conditions prevailing at the time of tender.
This should always be outlined in the letting particulars and tenancy agreement. The liability can only really be assessed by inspecting the property and considering the cost of complying with these obligations both at the time the tenancy is taken on and during the term.
The basis of the rent review should be clearly outlined in the letting particulars and tenancy agreement. Rental disputes are often settled by an arbitrator or third party expert.
The ability to terminate the tenancy and under what circumstances should be clearly addressed in the tenancy agreement along with the compensation provisions for which there is also some statutory protection.
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